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I Go to Pieces

There were a few recent blog-worthy experiences that I was tempted to space out over the course of this week.  Upon reflection, I think that there may be some flimsy thread that connects them in the crazy scheme of today’s real estate market.

 

What I Read

Asked by a reporter to comment on the combo of sluggish sales and dropping prices in a very tony area, the real estate broker opined that buyers are sitting on the sidelines, waiting for prices to go down even more, but wouldn’t be patient much longer. "Waiting is boring," he said.

 

Who I Talked To

I chatted with an attorney I’ve known 25+ years. We were depressing each other discussing how busy we are, but how unproductive we feel.  Yet he was almost gleeful sharing the news that a couple of our colleagues left the practice of real estate law (these two SOBs were notorious for bollixing every deal they touched). “This bad, bad market is really the cleansing this business needed,” he said with more than a trace of excitement.


What I Saw

At a closing, as we waited for the bank attorney to finalize documents and return to the table with checks, I observed the title closer playing “Angry Birds” on his phone.

 

What I Heard

The buyers thought the RE agent worked solely for them (based on her protective actions and intercessions), but the seller paid her $21,000.  As I walked out the door, the seller was pointedly saying to the agent, “You stole that money, because you sold me out every chance you got.”

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